Globe Telecom said its board of directors approved the declaration of the second quarterly distribution of cash dividend of P22.75 per share for holders of common shares.
The dividend will be paid to shareholders on record as of May 23, 2017, with payment date on June 7, 2017.
“The board approval of the second quarter cash dividend, totaling about P3 billion, is consistent with the company’s commitment in creating shareholder value,” Globe chief finance officer Rizza Maniego-Eala said.
Eala said the company’s board of directors also approved the declaration of the second semi-annual cash dividend for holders of its non-voting preferred shares on record as of Aug. 10, 2017.
The amount of the cash dividend shall be at a fixed rate of 5.2006 percent per annum based on the offer price of P500 per share for the six-month dividend period.